Funding News: Snabbit Secures $19 Million in Series B Funding in India

Startup: Snabbit

Founder: Aayush Agarwal

About us: Snabbit is India’s first Quick-Service App offering on-demand home services. With a hyperlocal network operating in dense residential clusters, Snabbit guarantees quality and speed, providing trusted and trained experts that arrive within minutes. Backed by Nexus Venture Partners, and Elevation Capital, Snabbit takes a full-stack approach to sourcing, training, and managing experts. Combined with an innovative time-based pricing model, Snabbit simplifies daily life for urban families while creating respectable, well-paying opportunities for a workforce that has long been fragmented and unorganized.

Founded Year: 2024

Office: Mumbai, Maharashtra

Sector: Technology, Information and Internet

Funding Round: Series B

Investors: Lightspeed

Snabbit, a fast-growing on-demand home services platform, has raised $19 million in Series B funding led by venture capital firm Lightspeed with participation from existing investors Elevation Capital and Nexus Venture Partners. The new funding will support Snabbit's efforts to expand into major metropolitan areas of India, and over 200 micro-trade markets around the country, in the next nine months.

The company is on a mission to build India's first end-to-end operating system for home services backed by technology, reliability, and a large community of trained professionals. Through the expansion, Snabbit will be able to assist users in easily accessing all aspects of home repairs such as plumbing, electrical issues and other services in one click.

Website: http://www.expertdojo.com